Q/C Technologies, Inc. (QCLS) Balance Sheet
QCLS balance sheet, 2025
December 31, 2025 · U.S. dollars$41.2M assets = $19.4M liabilities + $21.8M equity
Both columns are drawn to the same scale: what QCLS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
QCLS financial health
Descriptive bands, not a rating. Fiscal 2025.
QCLS balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $676,6972020 | $41.2M2025 | +127.4%/yr | |
| Total liabilities | $5.9M2020 | $19.4M2025 | +26.8%/yr | |
| Shareholders’ equity | −$5.3M2020 | $21.8M2025 | — | |
| Cash & short-term investments | $148,2842020 | $15.8M2025 | +154.4%/yr | |
| Total debt | $4.1M2020 | $10,5792024 | −77.5%/yr | |
| Net cash (debt) | −$4.0M2020 | $8.5M2024 | +$12.5M | |
| Working capital | −$2.2M2020 | $11.0M2025 | +$13.2M | |
| Current ratio | 0.062020 | 3.002025 | +2.93 | |
| Debt / equity | 0.012021 | 0.002024 | −0.01 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
QCLS assets
QCLS liabilities and equity
QCLS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
QCLS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $15.8M | $8.5M | $4.9M | $4.8M | $11.6M | $148,284 |
| Cash & equivalents | $986,996 | $173,154 | $2.7M | $749,090 | $555,967 | $148,284 |
| Short-term investments | $14.8M | $8.3M | $2.2M | $4.1M | $11.0M | $16.7M |
| Receivables | $18,200 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $774,095 | $893,730 | $893,226 | $565,787 | $1.1M | $1,218 |
| Total current assets | $16.6M | $9.4M | $5.8M | $5.4M | $12.7M | $149,502 |
| Property, plant & equipment (net) | $0 | $10,579 | $47,389 | $139,662 | $149,009 | $527,195 |
| Goodwill & intangible assets | $24.6M | $10.5M | $10.5M | $10.5M | $10.5M | $0 |
| Long-term investments | $0 | $1.5M | $1.5M | $1.5M | $1.5M | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $41.2M | $21.4M | $17.9M | $17.5M | $24.8M | $676,697 |
| Liabilities | ||||||
| Accounts payable | $2.1M | $2.5M | $3.1M | $2.4M | $867,518 | $1.1M |
| Short-term debt | — | $10,579 | $48,870 | $65,780 | $53,240 | $546,416 |
| Total current liabilities | $5.5M | $6.7M | $5.0M | $2.8M | $1.0M | $2.3M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $0 | $10,579 | $48,870 | $141,721 | $149,151 | — |
| Other long-term liabilities | $13.9M | $4.9M | $100,538 | $75,941 | $125,893 | $3.6M |
| Total liabilities | $19.4M | $6.7M | $5.1M | $2.8M | $1.2M | $5.9M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $184,502 | $3,364 | $2,019 | $1,316 | $102.1M | $4,004 |
| Retained earnings (deficit) | −$144.1M | −$129.1M | −$102.0M | −$93.8M | −$78.6M | −$48.7M |
| Total shareholders' equity | $21.8M | $14.7M | $12.8M | $14.7M | $23.6M | −$5.3M |
| Key figures | ||||||
| Total debt | — | $10,579 | $48,870 | $141,721 | $149,151 | $4.1M |
| Net cash (debt) | — | $8.5M | $4.9M | $4.7M | $11.4M | −$4.0M |
| Working capital | $11.0M | $2.7M | $828,253 | $2.6M | $11.6M | −$2.2M |
| Tangible book value | −$2.8M | $4.2M | $2.3M | $4.2M | $13.1M | −$5.3M |
| Book value per share | $12.57 | — | — | — | — | — |
| Shares outstanding | 1.7M | — | — | — | — | — |
| Current ratio | 3.00 | 1.40 | 1.17 | 1.95 | 12.18 | 0.06 |
| Quick ratio | 2.86 | 1.27 | 0.99 | 1.75 | 11.12 | 0.06 |
| Debt / equity | — | 0.00 | 0.00 | 0.01 | 0.01 | — |
| Equity / assets | 52.8% | 68.7% | 71.5% | 83.8% | 95.3% | −776.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $11.0M | $13.0M | $15.8M | $10.0M | $3.8M | $5.9M | $8.5M | $10.6M | $13.1M | $1.7M | $4.9M |
| Cash & equivalents | $307,612 | $1.1M | $986,996 | $6.9M | $207,553 | $73,244 | $173,154 | $1.2M | $536,026 | $225,655 | $2.7M |
| Short-term investments | $10.7M | $11.8M | $14.8M | $3.1M | $3.6M | $5.8M | $8.3M | $9.4M | $12.5M | $1.5M | $2.2M |
| Receivables | $0 | $16,800 | $18,200 | $0 | $0 | $2,482 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $753,724 | $714,121 | $774,095 | $1.2M | $1.3M | $898,324 | $893,730 | $1.4M | $1.3M | $725,159 | $893,226 |
| Total current assets | $11.7M | $13.7M | $16.6M | $11.1M | $5.2M | $6.8M | $9.4M | $12.0M | $14.4M | $2.5M | $5.8M |
| Property, plant & equipment (net) | $512,409 | $0 | $0 | $0 | $0 | $2,678 | $10,579 | $18,285 | $25,803 | $34,904 | $47,389 |
| Goodwill & intangible assets | $10.5M | $24.6M | $24.6M | $24.6M | $10.5M | $10.5M | $10.5M | $10.5M | $10.5M | $10.5M | $10.5M |
| Long-term investments | $0 | $0 | $0 | $1.5M | $1.5M | $1.5M | $1.5M | $1.5M | $1.5M | $0 | $0 |
| Other non-current assets | $113,689 | $0 | $0 | $1 | $0 | $0 | $0 | $0 | $0 | $1.5M | $1.5M |
| Total assets | $22.9M | $38.3M | $41.2M | $37.2M | $17.2M | $18.8M | $21.4M | $24.0M | $26.4M | $14.5M | $17.9M |
| Liabilities | |||||||||||
| Accounts payable | $1.3M | $960,308 | $2.1M | $3.2M | $2.7M | $2.2M | $2.5M | $3.7M | $4.1M | $3.9M | $3.7M |
| Short-term debt | $145,163 | — | — | — | — | $2,678 | $10,579 | $18,285 | $25,803 | $35,981 | $48,870 |
| Total current liabilities | $3.6M | $3.7M | $5.5M | $6.5M | $5.6M | $4.9M | $6.7M | $7.0M | $5.8M | $4.0M | $5.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $371,171 | — | $0 | $0 | $0 | $2,678 | $10,579 | $18,285 | $25,803 | — | — |
| Other long-term liabilities | $226,008 | $10.9M | $13.9M | $9.4M | $6.3M | $5.2M | $4.9M | $0 | $20.2M | $279,615 | $100,537 |
| Total liabilities | $3.8M | $14.6M | $19.4M | $15.9M | $11.9M | $4.9M | $6.7M | $7.0M | $26.0M | $4.3M | $5.1M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $8,190 | $7,846 | $184,502 | $179,812 | $29,384 | $7,393 | $3,364 | $2,472 | $2,370 | $2,158 | $2,019 |
| Retained earnings (deficit) | −$152.2M | −$145.7M | −$144.1M | −$137.6M | −$133.8M | −$131.1M | −$129.1M | −$126.0M | −$123.3M | −$113.0M | −$102.0M |
| Total shareholders' equity | $19.1M | $23.7M | $21.8M | $21.3M | $5.3M | $13.8M | $14.7M | $17.1M | $382,293 | $10.2M | $12.8M |
| Key figures | |||||||||||
| Total debt | $371,171 | — | — | — | — | $2,678 | $10,579 | $18,285 | $25,803 | $35,981 | $48,870 |
| Net cash (debt) | $10.6M | — | — | — | — | $5.9M | $8.5M | $10.6M | $13.0M | $1.7M | $4.9M |
| Working capital | $8.2M | $10.0M | $11.0M | $4.6M | −$397,585 | $1.8M | $2.7M | $5.0M | $8.6M | −$1.5M | $828,253 |
| Tangible book value | $8.6M | −$892,553 | −$2.8M | −$3.3M | −$5.2M | $3.3M | $4.2M | $6.6M | −$10.1M | −$257,562 | $2.3M |
| Book value per share | $2.32 | $2.94 | $2.83 | — | — | — | — | — | — | — | — |
| Shares outstanding | 8.2M | 8.1M | 7.7M | — | — | — | — | — | — | — | — |
| Current ratio | 3.29 | 3.71 | 3.00 | 1.71 | 0.93 | 1.37 | 1.40 | 1.72 | 2.48 | 0.62 | 1.17 |
| Quick ratio | 3.08 | 3.52 | 2.86 | 1.53 | 0.69 | 1.19 | 1.27 | 1.52 | 2.26 | 0.44 | 0.99 |
| Debt / equity | 0.02 | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 |
| Equity / assets | 83.4% | 61.9% | 52.8% | 57.3% | 30.8% | 73.7% | 68.7% | 70.9% | 1.4% | 70.7% | 71.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
QCLS financial position
At the end of fiscal 2025 (December 31, 2025), Q/C Technologies had total assets of $41.2 million (up 92.2% from a year earlier), total liabilities of $19.4 million and shareholders' equity of $21.8 million. Its current ratio was 3.00. In the latest quarter (ended June 30, 2026) total assets were $22.9 million and equity $19.1 million.
Related: QCLS income statement, QCLS cash flow statement, QCLS key metrics. See the QCLS stock overview for the latest quote and news.
QCLS balance sheet FAQ
What are Q/C Technologies's total assets?
Q/C Technologies reported total assets of $41.2 million at the end of fiscal 2025 (December 31, 2025), compared with $21.4 million a year earlier.
How much cash does Q/C Technologies have?
Q/C Technologies held $15.8 million in cash and short-term investments at the end of fiscal 2025.
What is Q/C Technologies's book value?
Q/C Technologies's shareholders' equity (book value) was $21.8 million at the end of fiscal 2025, or $12.57 per share.
What is Q/C Technologies's current ratio?
Q/C Technologies had current assets of $16.6 million and current liabilities of $5.5 million, a current ratio of 3.00 (it can cover its short-term obligations).
How much goodwill does Q/C Technologies have?
Q/C Technologies carried $24.6 million of goodwill and intangible assets, 59.7% of total assets, at the end of fiscal 2025.